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Paragraph 26 Acceptance of an enforcement undertakingI1

United Kingdom

(1)

If the regulator has accepted an enforcement undertaking from a person—

(a)

that person may not at any time be convicted of the offence in respect of the act or omission to which the undertaking relates; and

(b)

the regulator may not serve on that person a compliance notice, restoration notice or stop notice, or impose a fixed or variable monetary penalty on that person, in respect of that act or omission.

(2)

Paragraph (1) does not apply if the person who gave the undertaking has failed to comply with it or any part of it.

Annotations

Commencement

I1

Sch. 3 para. 26 in force at 1.12.2019, see art. 1(1)